South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index expanded faster in February compared with January, supported by an increase in new sales and business activity. The index, a gauge of manufacturing activity in Africa’s most industrialised economy, rose to 53 points in February from 50.9 points in January, remaining above the 50-point mark that separates expansion…
Hyprop SENS statement: Condensed consolidated interim results for the six months ended 31 December 2020Balance sheet strengthened and see-through LTV ratio reduced from 41.4% at 30 June 2020 to 38.8% at 31 December 2020:Reduction of R942m in interest bearing debt, including $117m of US Dollar equity debtAll US Dollar equity debt ($289m) settled over the last…
Nicolas Sarkozy, the former President of France, has been convicted in a corruption trial in Paris. The 66-year old received a three-year prison sentence, two years of which are suspended. The Wall Street Journal reports that the court convicted Sarkozy on ‘charges of influence-peddling and corruption for offering to help a magistrate land a plum position in Monaco in…
South African conglomerate the Bidvest Group announced a solid set of numbers for its half-year to 31 December 2020, declaring an interim dividend of 290 cents per ordinary share. This is positive news for all South African incorporated businesses, given Bidvest’s broad exposure to the South African consumer through a number of controlling stakes in…
By Paul Vecchiatto and S’thembile Cele(Bloomberg) – South African President Cyril Ramaphosa eased coronavirus restrictions as the rate of new infections dropped, scrapping most limits on alcohol sales, shortening a night-time curfew and permitting larger public gatherings.The move to virus alert level 1, from level 3, comes a year after the first Covid-19 case was detected…
Microsoft is getting a new leader for its Greater China business. Yang Hou, a former senior vice president at Qualcomm, will take over Alain Crozier as the chairman and chief executive officer for Microsoft Greater China Region, says a company announcement released Monday. After eight years at Qualcomm where he led sales and business development, Hou…
Skydio has raised $170 million in a Series D funding round led by Andreessen Horowitz’s Growth Fund. That pushes it into unicorn territory, with $340 million in total funding and a post-money valuation north of $1 billion. Skydio’s fresh capital comes on the heels of its expansion last year into the enterprise market, and it…
Japanese space startup Gitai has raised a $17.1 million funding round, a Series B financing for the robotics startup. This new funding will be used for hiring, as well as funding the development and execution of an on-orbit demonstration mission for the company’s robotic technology, which will show its efficacy in performing in-space satellite servicing…
Facebook 0 Twitter 0 E-mail More Google+ LinkedIn KakaoStory February 27, 2021 08:04 Girls play a tug-of-war at the National Folk Museum of Korea in Seoul on Friday to celebrate Daeboreum, the first full moon of the lunar year. /Yonhap Copyright © Chosunilbo & Chosun.com
The Bank of Korea on Thursday froze interest rates at 0.5 percent again, the record-low level they were fixed at last May. It maintained its growth forecast for the year at three percent but raised its outlook for inflation from one percent to 1.3 percent.The BOK said the freeze, which was widely expected, is due…
